According to the police, Siddharth Anand, the accused, had allegedly taken diamonds from multiple traders promising them to pay in a few days.

The total amount of diamond siphoned off by the accused is around ₹4.5 crore.(HT PHOTO)

A 36-year-old man was arrested by the Bandra Kurla Complex (BKC) police on Saturday for allegedly duping 10 to 12 diamond traders in the city.

According to the police, Siddharth Anand, the accused, had allegedly taken diamonds from multiple traders promising them to pay in a few days.

“We received a complaint from a trader Harish Dogariya, 42. He alleged that Anand had taken diamonds from him worth ₹60 lakh in March. According to the deal, the accused had to pay for the diamond in 60 days or return them to Dogariya,” said a police officer.

Police stated that during the investigation, they found more people who have been duped in a similar manner.

“The total amount of diamond siphoned off by the accused is around ₹4.5 crore,” police said.

According to the police, after the first information report (FIR) was filed against the accused, he approached the sessions court and the Bombay high court for anticipatory bail, but his plea was rejected.

Police tracked his call data records and arrested him. “We are trying to know more about the modus operandi of the accused,” the officer added.